Thanks to Corbett, PA’s Economy is Growing One Quarter As Fast As Rest of Nation
October 20, 2014 | By Campaign for a Fresh Start
Philadelphia, PA – Tom Corbett's policies continue to hold Pennsylvania's economy back. Over the weekend, the Pittsburgh Post-Gazette reported that the rate of job growth in Pennsylvania has been just a quarter of the rate of the rest of the nation over the past year, according to Guhan Venkatu, an economist with the Federal Reserve Bank in Cleveland. Jobs in Pennsylvania have grown at a rate of just 0.6% over the past year, while jobs have grown at a rate of 2.0% nationally.
"Pennsylvania's lagging far behind the rest of the nation in job growth because of Tom Corbett's failed policies," Campaign for a Fresh Start Spokesman Mike Mikus said. "Thanks to Tom Corbett's misguided policies, Pennsylvania has gone from 9th to 47th in job creation. This is just further proof that the Corbett economy has been an utter disaster for Pennsylvania families."
The Post-Gazette also reported that Pennsylvania shed 9,600 jobs in September, marking the third month in a row where the Pennsylvania economy lost jobs. Meanwhile, the slight dip in the unemployment rate was attributed to people giving up looking for work.
"Pennsylvania is losing jobs under Tom Corbett while the rest of the nation is seeing growth," Mikus said. "Tom Corbett is a failed governor, and hard-working Pennsylvanians are paying the price. Another four years of Tom Corbett's devastating economic policies will be a catastrophe for hard-working Pennsylvanians."
Read the full Pittsburgh Post-Gazette here.